Class 12, Accountancy Practical, Sample Paper-1 (2023) M.M.

12 Time: 1 Hour

Ques Marks
1 The Debt Equity ratio of X Ltd. is 2 : 1. What will be the effect of the following transaction on Debt 1
Equity Ratio?( Increase/decrease or not change the Debt Equity Ratio)
Issue of Preference shares ₹40,000.
2 Calculate (a) Current Ratio (b) Liquid ratio, from the following information: 2
Inventory ₹ 15,000, Other Current Assets ₹ 37,500, Current Liabilities ₹12,500
3 From the fourth quarter report of a company with three segments producing products E, F, G find out 3
which segment should be eliminated?
Segment Rev. from Operations(₹) Gross Profit(₹)
Product E 20,00,000 3,50,000
Product F 30,00,000 5,00,000
Product G 40,00,000 6,50,000
4 From the following information, calculate cash flows from financing activities: 1
Items 31.03.2020(₹) 31.03.2021(₹)
9% Debentures 3,00,000 3,50,000
5 Mugdha Ltd. has given you the following information: 2
Machinery as on April 01, 2020 ₹ 80,000
Machinery as on March 31, 2021 ₹ 75,000
Depreciation charged during the year ₹ 15,000
During the year, Machine worth ₹ 16,000 was sold for ₹ 13,000
Calculate cash flow from Investing Activities on the basis of the above information.
6 Motia Ltd., arrived at a Net Income of ₹5,00,000 for the year ended March 31, 2021. There was a 3
transfer to General reserve ₹ 20,000, Depreciation for the year was ₹90,000. There was a profit of
₹50,000 on assets sold which was transferred to Statement of Profit and Loss account. Trade
Receivables increased during the year ₹40,000 and Trade Payables also increased by ₹60,000.
Compute the cash flow from operating activities.